OGpar to bring more Tubarao Martelo wells online

 Eike Batista’s oil company says it will provide an update on new wells at Tubarao Martelo fields in the Campos basin, offshore Brazil, soon.

Óleo e Gás Participações S.A. – Em Recuperação Judicial (OGX or OGpar), announces that the Company’s forecast for the beginning of production of two additional wells in the Tubarão Martelo Field (TBMT-2HP and TBMT-6HP) should occur within the next 90 days, raising its total daily average production, with 4 wells in production (TBMT-HP, OGX-44HP, TBMT-2HP and TBMT-6HP), to 16 thousands barrels of oil, according to the Company`s expectations based on conducted reservoir studies.

[mappress]

May 05, 2014